Tag: Lodha Developers

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Lodha Developers’ Q1 FY27 Net Profit Soars to ₹1,373.10 Crore

NEW DELHI: Lodha Developers, previously known as Macrotech Developers, has reported a remarkable 103.4% increase in its net consolidated profit after tax, reaching ₹1,373.10 crore for the quarter ending June 30, 2026, compared to ₹675.10 crore in the same period last year. The company’s net consolidated total income surged by 40.6% to ₹5,096.70 crore in Q1 FY27, up from ₹3,624.70 crore in Q1 FY26. Pre-sales amounted to ₹4,629 crore, with collections rising by 46% year-on-year to ₹4,205 crore. The net debt declined by ₹446 crore during the quarter, totaling ₹4,931 crore, aided by strong operating cash flows. As of June…

Latest StoriesRegulatory

Court Denies Bail to Ex-Lodha Director in ₹181 Crore Scam

MUMBAI: On Monday, a court denied bail to Rajendra Lodha, the former director of Lodha Developers, in a Rs 181 crore corporate land fraud case, emphasizing that such offences undermine public trust in commercial and financial institutions. Additional Sessions Judge P A Sable noted that the preliminary evidence suggests Lodha played a crucial role in the alleged conspiracy. The prosecution claims that Lodha orchestrated a well-planned, prolonged economic conspiracy, misusing his fiduciary authority to unlawfully sell company-owned land to various developers at undervalued prices. He is accused of conspiring with multiple individuals, including his son Sahil Lodha, to fabricate documents…

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Corporate Giants Embrace Urban Regeneration Amid Redevelopment Race

Representative AI image MUMBAI: Major corporate groups in India are increasingly focusing on urban regeneration, indicating a transformative shift in the real estate sector where redevelopment is becoming as valuable as traditional land acquisitions. In recent months, firms linked to Reliance Industries, Adani Group, JSW Group, Shapoorji Pallonji Group, and Lodha Developers have been aggressively pursuing significant redevelopment opportunities across Mumbai, including aging housing colonies and extensive urban renewal schemes. Recently, Vedanta Group diversified into real estate, expanding its portfolio beyond metals and mining. “The increase of large corporates entering the Indian real estate sector indicates a transition from a…

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Fidelity Acquires 2% Stake in Lodha Developers for ₹1,864 Crore

NEW DELHI: Fidelity Investments has acquired a 2% stake in Lodha Developers for Rs 1,864 crore from two promoter entities through open market transactions, as revealed by block deal data from the NSE. The US-based investment firm, along with its eight affiliates including FMRC Fidelity Advisor International Capital Appreciation Fund and FRST II Strat Adv Fide Interl Fund, purchased a total of 1,98,81,296 shares, equating to a 1.99% stake in Lodha Developers. The transactions were executed over eight separate tranches on Thursday at an average price of Rs 937.85 per share, culminating in a combined transaction value of Rs 1,864.56…

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MHADA’s 925-acre Mumbai plan could attract ₹4 lakh crore investment

MUMBAI: The Maharashtra Housing and Area Development Authority (MHADA) aims to launch a redevelopment programme under its Construction & Development Agency (C&D) model, expected to attract investments of approximately ₹4 lakh crore in Mumbai, according to a senior official from the agency. This initiative will facilitate the construction of roughly 75,000 rehabilitation tenements, about 30,000 housing units for MHADA, along with a significant saleable component to benefit private developers. “This large-scale urban renewal initiative will cover around 925 acres across 11 projects, significantly revamping many older housing colonies and reshaping some of Mumbai’s most crowded neighborhoods. In total, these projects…

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Adani, Reliance, Lodha, JSW vie for 206-acre Mumbai project

Realty developers such as Adani Properties, Reliance 4IR, Lodha Developers, and JSW Realty & Infrastructure have placed bids to redevelop three significant housing colonies covering over 206 prime acres in Mumbai’s key neighborhoods: Worli, Bandra Reclamation, and Andheri West. The Maharashtra Housing and Area Development Authority (MHADA) opened technical bids for these projects on Tuesday, covering 98.27 acres at Bandra Reclamation, 73.89 acres at Sardar Vallabhbhai Patel (SVP) Nagar in Andheri West, and 34.33 acres at Adarsh Nagar in Worli. On April 8, the Mumbai Housing and Area Development Board, a unit of MHADA, issued tenders to appoint construction and…

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Lodha Developers’ Q4 FY26 Pre-Sales Hit ₹5,890 Crore

NEW DELHI: Lodha Developers has reported pre-sales of ₹5,890 crore for the January-March quarter of FY26, reflecting a 23% increase from the previous year. For the entire financial year, pre-sales reached ₹20,530 crore, a rise of 16% year-over-year. The company noted that sales in March fell short of expectations due to a slight deferment in demand. Collections in Q4 FY26 increased by 18% year-over-year, totaling ₹5,230 crore, while full-year collections were ₹15,160 crore, marking a 5% annual growth. During the quarter, the company launched one project in the Mumbai Metropolitan Region, valued at a gross development value (GDV) of ₹1,300…

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Lodha Developers Secures ₹500 Crore via Debenture Issue

NEW DELHI: Lodha Developers Ltd, a prominent real estate firm, announced on Monday that it has successfully raised Rs 500 crore through the issuance of debentures. According to a regulatory filing, the company’s board approved the allocation of 50,000 non-convertible debentures (NCDs) worth Rs 1 lakh each, totaling Rs 500 crore via private placement. The interest rate is set at 8.52 percent per annum, payable biannually. Lodha Developers is one of India’s leading real estate companies, with a strong presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. The company has also acquired land in the Delhi-NCR region to…

Latest StoriesRegulatory

ED Seizes ₹270 Crore in Assets from Ex-Lodha Director Rajendra

NEW DELHI: The Enforcement Directorate (ED) announced on Monday the attachment of land parcels and other immovable assets exceeding Rs 270 crore as part of its money laundering probe against Rajendra Lodha, former director of Lodha Developers, a realty firm based in Maharashtra. A provisional order was issued on March 26 under the Prevention of Money Laundering Act (PMLA), which values the properties at Rs 271.48 crore, according to the ED’s statement. The attached assets include lands situated in the Panvel and Shahapur talukas of Maharashtra. Lodha was arrested by the ED in February and is currently in judicial custody.…

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Lodha Developers acquires 4.3-acre Malabar Hill site with bungalows

Representative Image MUMBAI: Lodha Developers, a leading real estate firm, has acquired development rights for a valuable 4.3-acre land site in the affluent Malabar Hill area of South Mumbai, where six bungalows and other buildings currently stand. The projected development value is approximately ₹2,800 crore. The agreement entails an initial payment along with a combination of monetary and non-monetary compensations to the land-owning trust once redevelopment is complete. The property, owned by the Sorabji Kanga Charity Trust, includes a residential tower and a chawl, though the tower will not be part of the redevelopment plan, according to informed sources. As…